Fox Run Management L.L.C. Purchases New Stake in Caterpillar, Inc. (CAT)

Fox Run Management L.L.C. purchased a new position in shares of Caterpillar, Inc. (NYSE:CAT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,600 shares of the industrial products company’s stock, valued at approximately $449,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAT. Tredje AP fonden lifted its position in Caterpillar by 0.9% during the 1st quarter. Tredje AP fonden now owns 48,519 shares of the industrial products company’s stock worth $4,501,000 after acquiring an additional 414 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Caterpillar by 2.0% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 64,848 shares of the industrial products company’s stock valued at $6,015,000 after buying an additional 1,250 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of Caterpillar by 99.9% during the 1st quarter. AE Wealth Management LLC now owns 18,660 shares of the industrial products company’s stock valued at $1,731,000 after buying an additional 9,324 shares during the last quarter. InterOcean Capital LLC raised its stake in shares of Caterpillar by 39.4% during the 1st quarter. InterOcean Capital LLC now owns 5,445 shares of the industrial products company’s stock valued at $505,000 after buying an additional 1,540 shares during the last quarter. Finally, Oarsman Capital Inc. raised its stake in shares of Caterpillar by 40.0% during the 1st quarter. Oarsman Capital Inc. now owns 4,355 shares of the industrial products company’s stock valued at $404,000 after buying an additional 1,245 shares during the last quarter. 69.38% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on CAT shares. Vetr lowered Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective for the company. in a research note on Monday, September 11th. Jefferies Group LLC reiterated a “hold” rating and set a $100.00 price objective on shares of Caterpillar in a research note on Tuesday, August 29th. Royal Bank Of Canada reiterated a “hold” rating on shares of Caterpillar in a research note on Tuesday, August 29th. UBS AG upgraded Caterpillar from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $116.00 to $140.00 in a research note on Monday, September 18th. Finally, BMO Capital Markets lifted their price objective on Caterpillar from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Caterpillar has a consensus rating of “Hold” and an average target price of $133.92.

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Caterpillar, Inc. (NYSE:CAT) opened at $136.13 on Friday. The firm has a market capitalization of $80,988.38, a P/E ratio of 24.53, a PEG ratio of 2.06 and a beta of 1.29. Caterpillar, Inc. has a twelve month low of $90.34 and a twelve month high of $140.44. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 1.58.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. research analysts predict that Caterpillar, Inc. will post 6.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, October 20th. Caterpillar’s dividend payout ratio is currently 216.67%.

In other news, insider Lange Bob De sold 1,572 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the transaction, the insider now directly owns 11,096 shares in the company, valued at approximately $1,526,587.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel M. Dickinson sold 3,813 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $137.09, for a total value of $522,724.17. Following the transaction, the director now owns 6,554 shares in the company, valued at $898,487.86. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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